European smart meters market is projected to grow at a CAGR of 5.8% during the forecast period (2020-2026). The major factor that propels the growth of the market includes the rising demand for smart utility solutions over conventional solutions in the region. The 2009 Gas Directive requires member states to carry out a cost-benefit analysis (CBA) for smart gas meters by September 2012.
Browse the full report description European Smart Meters Market Size, Share & Trends Analysis Report by Product Type (Smart Gas Meters, Smart Electric Meters, Smart Water Maters), By Technology (AMI and AMR), By Application (Residential, Commercial, and Industrial), and Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/europe-smart-meters-market
However, in contrast to the Electricity Directive, which requires that 80% of consumers should have smart electricity meters by 2020, the Gas Directive does not specify how many consumers should have smart meters or provide a deadline for deployments following a positive CBA.
Moreover, various companies and governments collaborate to provide smart water management solutions in the UK. For Instance, Sensus Communication Technology provides support to the UK government for its project.
The project is intended for the installation of smart meters in millions of homes and small businesses in 2020. These types of partnerships propel market growth in the country. As a result of the growing population, it is estimated that demand in the UK for water will exceed supply by 10% by 2025. Therefore, the growing demand for smart water solutions further increases the adoption of smart water meters in the region that further propels the smart meters market growth.
Market Coverage
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Report Elements |
Details |
|
Study Period |
2019-2026 |
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Base year |
2019 |
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Forecast period |
2020-2026 |
|
Segments Covered |
By Product Type, by Technology, and by Application |
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Regions Covered |
UK, Germany, France, Italy, Spain, and Rest of Europe |
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Key Companies Profiled |
Diehl Stiftung& Co. KG, Eaton Corp., Landis+Gyr AG, Schneider
Electric SE, Siemens AG, Schneider Electric SE, Holley Technology UK Ltd., and others |
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region/segment
o Recommendations
European Smart Meters Market – Segmentation
By Product Type
By Technology
By Application
European Smart Meters Market – Segmentation by Region
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